麻豆传媒 lending revenues decline 20% YoY for April
03 May 2024 US
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麻豆传媒 lending revenues declined by 20 per cent year-on-year (YoY) to US$1.03 billion for April, according to S&P Global Market Intelligence data.
There was a 26 per cent decline YoY in American equities to US$389 million, while EMEA equities fell 36 per cent to US$138 million.
Asia remained the stand out region among the equity market, generating US$175 million over the month, though declining 4 per cent YoY.
A similar pattern could be seen across the fixed income markets with revenues declining three per cent YoY across government bonds to US$151 million, and falling 25 per cent across corporate bonds to US$75 million. Average fees declined YoY across the board.
Commenting on the figures, Matt Chessum, director of securities finance at S&P Global Market Intelligence, says: 鈥淥n first glance these revenue numbers may not look very good but it is important to remember the context that we are seeing these in.鈥�
He explains that 2023 was an exceptional year for securities lending revenues and that any comparison to last year will therefore look somewhat unfavourable.
Continuing on, he adds: 鈥淲hen compared to any other year other than 2023, these revenue numbers look pretty robust and show that the market activity remains in good shape.鈥�
There was a 26 per cent decline YoY in American equities to US$389 million, while EMEA equities fell 36 per cent to US$138 million.
Asia remained the stand out region among the equity market, generating US$175 million over the month, though declining 4 per cent YoY.
A similar pattern could be seen across the fixed income markets with revenues declining three per cent YoY across government bonds to US$151 million, and falling 25 per cent across corporate bonds to US$75 million. Average fees declined YoY across the board.
Commenting on the figures, Matt Chessum, director of securities finance at S&P Global Market Intelligence, says: 鈥淥n first glance these revenue numbers may not look very good but it is important to remember the context that we are seeing these in.鈥�
He explains that 2023 was an exceptional year for securities lending revenues and that any comparison to last year will therefore look somewhat unfavourable.
Continuing on, he adds: 鈥淲hen compared to any other year other than 2023, these revenue numbers look pretty robust and show that the market activity remains in good shape.鈥�
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